Multiple events to mark National MSME month
The Small Business Development Centre (SBDC) yesterday said it will stage multiple events throughout The Bahamas this month to highlight the importance of micro, small and medium-sized firms (MSMEs).
BPL union presidents not visited ‘Station A’ in years
Bahamas Power & Light’s (BPL) line staff union leader yesterday said he has not been inside Clifton Pier’s ‘Station A’ power plant for years.
PM told that BPL fuel hedge ‘in the money’
The Prime Minister was told Bahamas Power & Light’s (BPL) fuel hedge, which his administration has sought to discredit, was “in the money” even though fuel woes “substantially ate into the benefits”.
Hitting near 3% growth to make ‘incredible difference’
Economic growth in the “upper 2 percent” range and above will make “an incredible difference” to The Bahamas’ economic prospects if achieved consistently, the Central Bank governor asserted yesterday.
Minister: $21m ‘overrun’ on key BPL investment
A Cabinet minister yesterday asserted that Bahamas Power & Light’s (BPL) key generation investment has suffered a $21m-plus “cost overrun” while failing to deliver the promised efficiencies and savings.
Mortgage loan approvals decline to under one-third
Less than one out of every three mortgage loan applications was approved in the 2023 first half despite total credit applications to the commercial banking sector increasing by 9.4 percent year-over-year.
Digital payments ‘a train that is not going to stop’
The Central Bank’s governor yesterday said he is aiming to “leapfrog The Bahamas to an even better digital payments state” as he warned: “This is a train that is not going to stop.”
Visitor arrivals match 2019 record in first nine months
Total visitor arrivals for the first nine months of 2023 have equalled pre-COVID’s 2019 full-year record of 7.2m, it was revealed yesterday, with hotel room rates almost 60 percent higher.
Contractors chief fears: ‘We’re often last choice’
The Bahamian Contractors Association’s (BCA) president says he does not have “much hope” local firms will win significant work on major upcoming projects, adding: “We’re often the last choice.”
Land reform: ‘It’s never too late to do right thing’
Land ownership rights will become much clearer and accessible to all Bahamians if the Government follows through in its Speech from the Throne pledges, a long-time reform advocate says.
‘6,000% important’ ArawakX crowd-fund void filled swiftly
A long-time crowd funding advocate says it is “6,000 percent important” that another platform replace ArawakX if it is wound-up, adding: “The void has to be filled immediately.”
Bahamas ‘on track’ to expand airlift by 15%
The deputy prime minister yesterday said The Bahamas is “on track” to increase airlift capacity into the destination by 15 percent this year through the addition of several new routes.
$111m ‘quantum leap’ for CLICO’s creditors
CLICO (Bahamas) liquidator has been given the authority to accept a $110.827m settlement that could fully repay all debts owed to policyholders, creditors and the Government.
North Andros hopeful on ‘greener’ BPL plant
Bahamas Power and Light’s (BPL) pledge to construct a hybrid or renewable power plant on North Andros could bring more investors to the island, its Chamber of Commerce president said yesterday.
Bahamian understudy was ‘always’ work permit policy
The head of the Government’s newly-appointed Immigration Commission yesterday said it has always been policy for employers to identify a Bahamian understudy when applying for work permits.
